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QUESTION
A 10-year bond has a coupon of 8% and is priced to yield 7%. Calculate the price per $1000 par value using semiannual compounding.
A 10-year bond has a coupon of 8% and is priced to yield 7%. Calculate the price per $1000 par value using semiannual compounding. If an investor purchases this bond three months before a scheduled coupon payment, how much accrued interest must be paid to the seller?
